https://www.profitconfidential.com/cryptocurrency/ethereum/ethereum-price-forecast-bitcoin-fork-reveals-eths-future/
Daily Ethereum Price Forecast – What the Bitcoin Fork Reveals About ETH’s Future
Gaurav S. Iyer, IFC
Profit Confidential
2017-10-25T09:12:50Z
2017-11-17 10:31:31 ethereum newsethereum price forecastethereum price predictionETH price forecastETH price predictionethereum to bitcoinethereum priceseth pricesdaily ethereum price chartBeing bullish on our Ethereum price forecast can be seen by the internal conflict in Bitcoin which reveals a lack of vision on their part that ETH has in spades.
Ethereum
https://www.profitconfidential.com/wp-content/uploads/2017/09/ethereum-300x225.jpg One day after mutinous developers forked the Bitcoin (BTC) blockchain, investors started waffling over their altcoin positions. At first, they rotated funds into Ethereum (ETH), Ripple (XRP), and Litecoin (LTC), after which they withdrew some of them into fiat currency.
What happens next?
Obviously, the answer is contingent on external shocks, but it’s not that hard to see where the overarching trend is headed. Just look at the difference between Bitcoin and Ethereum news.
Almost daily, there is another headline about internal conflict within the Bitcoin developer community. Some claim that the Bitcoin mining process has become too centralized, putting power in the hands of a few multi-millionaires. Others claim the hard forks are simply a way for developers to make a little extra cash.
The worst part is that Bitcoin’s founder remains in the shadows. Whoever he or she is, they could potentially resolve the conflicts by explaining what original intent lay behind the code. But as it stands, there is no one who can articulate a credible vision for the currency.
Meanwhile, Ethereum has its wunderkind founder, Vitalik Buterin, to shepherd developers through the tricky process of scaling a digital currency.
Buterin has traveled around the world, spreading the gospel of decentralisation to power brokers everywhere. And it seems his words carry weight, because Russian agencies began blockchain trials soon after he spoke at a conference in Moscow.
In fact, the largest Russian bank just joined the Ethereum Enterprise Alliance (EEA). For those who may not know, the EEA is a consortium of Fortune 500 companies looking to work with Ethereum’s blockchain. (There were 48 new members this month alone.)
Based on these long-term forces, it seems unlikely that the ETH price will remain around $300.00.

Daily Ethereum Chart

Analyst Take:

While the Ethereum to USD exchange rate fell 2.21% this morning, investors should try to remember what does and does not matter. One day’s worth of trading is nothing. What truly matters is the slow process of moving corporate functions over to the Ethereum blockchain—that's where Ethereum's value will come from.
We believe in that process, glacial though it may be, which is why we hold to our $1,000 Ethereum price forecast for 2018.
Also Read:
Bitcoin vs Ethereum: The Best Digital Currencies for 2017Post Bitcoin Spike: Ethereum Price Prediction for 2018

One day after mutinous developers forked the Bitcoin (BTC) blockchain, investors started waffling over their altcoin positions. At first, they rotated funds into Ethereum (ETH), Ripple (XRP), and Litecoin (LTC), after which they withdrew some of them into fiat currency.

What happens next?

Obviously, the answer is contingent on external shocks, but it’s not that hard to see where the overarching trend is headed. Just look at the difference between Bitcoin and Ethereum news.

Almost daily, there is another headline about internal conflict within the Bitcoin developer community. Some claim that the Bitcoin mining process has become too centralized, putting power in the hands of a few multi-millionaires. Others claim the hard forks are simply a way for developers to make a little extra cash.

Advertisement

The worst part is that Bitcoin’s founder remains in the shadows. Whoever he or she is, they could potentially resolve the conflicts by explaining what original intent lay behind the code. But as it stands, there is no one who can articulate a credible vision for the currency.

Meanwhile, Ethereum has its wunderkind founder, Vitalik Buterin, to shepherd developers through the tricky process of scaling a digital currency.

Buterin has traveled around the world, spreading the gospel of decentralisation to power brokers everywhere. And it seems his words carry weight, because Russian agencies began blockchain trials soon after he spoke at a conference in Moscow.

In fact, the largest Russian bank just joined the Ethereum Enterprise Alliance (EEA). For those who may not know, the EEA is a consortium of Fortune 500 companies looking to work with Ethereum’s blockchain. (There were 48 new members this month alone.)

Based on these long-term forces, it seems unlikely that the ETH price will remain around $300.00.

Daily Ethereum Chart

Analyst Take:

While the Ethereum to USD exchange rate fell 2.21% this morning, investors should try to remember what does and does not matter. One day’s worth of trading is nothing. What truly matters is the slow process of moving corporate functions over to the Ethereum blockchain—that’s where Ethereum’s value will come from.

We believe in that process, glacial though it may be, which is why we hold to our $1,000 Ethereum price forecast for 2018.

Dear Reader: There is no magic formula to getting rich. Success in investment vehicles with the best prospects for price appreciation can only be achieved through proper and rigorous research and analysis. We are 100% independent in that we are not affiliated with any bank or brokerage house. Information contained herein, while believed to be correct, is not guaranteed as accurate. Warning: Investing often involves high risks and you can lose a lot of money. Please do not invest with money you cannot afford to lose. The opinions in this content are just that, opinions of the authors. We are a publishing company and the opinions, comments, stories, reports, advertisements and articles we publish are for informational and educational purposes only; nothing herein should be considered personalized investment advice. Before you make any investment, check with your investment professional (advisor). We urge our readers to review the financial statements and prospectus of any company they are interested in. We are not responsible for any damages or losses arising from the use of any information herein. Past performance is not a guarantee of future results. All registered trademarks are the property of their respective owners.